All Private finance initiatives (PFI) articles – Page 12
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News
Commercial-only finance plans for FTs scaled back
The government has pulled back from plans to stimulate a market for private sector lending to foundation trusts, under which they would have been cut off from all finance other than commercial loans.
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NewsMPs call for PFI deals to be subject to FOI requests
The Commons’ public accounts committee has called for private finance initiative companies to be made subject to the Freedom of Information Act.
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News
Trust access to PFI funding could be constrained by Treasury rule change
NHS trusts could find it harder to secure badly needed private finance initiative funding after chief secretary to the Treasury Danny Alexander ordered the Department of Health to review how it authorises potential schemes, HSJ has learned.
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HSJ Local
PFI deals should be used 'sparingly', Treasury warns
FINANCE: The government is in danger of wasting £175m on the private finance initiative rebuild at Royal Liverpool University Hospital, the Treasury select committee has warned.
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NewsPFI needs 'substantial' reform, warn MPs
The private finance initiative “cannot be relied upon to provide value for money” and requires “substantial” reform, MPs have said.
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NewsNHS trusts to take over community service assets
Acute and mental health trusts are to be given the chance to acquire billions of pounds worth of property assets used to provide community services, with final decisions due by the end of the year.
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NewsGovernment will act as guarantor on PFI
The government will continue to act as a guarantor for private finance initiative schemes, the health secretary has announced.
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HSJ Local
Talks commence on Sandwell and West Birmingham's new hospital
FINANCE: Talks between the Treasury and Department of Health have commenced on a proposed new hospital, to be built with £370m of private finance initiative funds.
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CommentFunding crisis: Greek ruin could come to the NHS
Efficiency is no longer just about releasing cash from an outdated health service edifice - a new model must be built
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NewsDH to review FT application process to avoid 'embarrassment'
The Department of Health is overhauling the process for checking whether a trust is ready to apply for foundation status to avoid “embarrassing” the health secretary, HSJ has discovered.
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News
Foundation trusts borrowing over £1bn from DH
Foundation trusts have secured loans worth more than £1bn from the Department of Health, HSJ can reveal, prompting concern about the impact of increased debts on foundation trust independence.
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HSJ Local
London consortium writes to CCP over 'monopoly' merger
STRUCTURE: A London commissioning consortium has complained to the Co-operation and Competition Panel about a merger that would create the biggest provider organisation in England.
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NewsDH redrawing failure regime to avoid up-front political battles
The government is drawing up a revised failure regime to avoid the advance labelling of which hospital and care services could hypothetically go bust and be closed down.
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NewsPFI rethink stalls hospital building plans
Plans to build a number of new hospitals have stalled as trusts await a ministerial decision on whether the government will underwrite private finance initiative deals.
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NewsPFI 'barriers' to FT status affecting fewer than 10 trusts
Claims by more than half of the trusts that argued private finance initiatives were a barrier to their obtaining foundation trust status cannot be justified, an insider has revealed to HSJ.
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CommentSally Gainsbury: wistful thinking on PFI
Ask an NHS finance director what they hope will come out of the McKinsey review of 22 trusts with tricky private finance initiatives and they talk wistfully about a revised market forces factor – the calculation that determines any top-up paid for delivering services in a particular area.
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HSJ Local
Foundation blames contractor for power cut which cancelled 150 operations
PERFORMANCE: Luton and Dunstable Hospital Foundation Trust has blamed “hidden” damage to a cable by a private contractor for a power cut that hit the hospital at the end of last year.
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HSJ Local
RNOH presses ahead with PFI project
FINANCE: The north London specialist trust has shortlisted three bidders for its proposed rebuild.
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HSJ Local
Portsmouth Hospitals 'disappointed' in PFI partner
FINANCE: Portsmouth Hospitals Trust has announced it is “disappointed” at its private finance initiative partner’s decision to increase car parking charges by 5.5 per cent.
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HSJ Local
Manchester mental health trust plans to escape PFI premises
FINANCE: Central Manchester University Hospitals Foundation Trust could be left with a £3.6m-a-year white elephant if a local mental health provider wins backing to vacate its premises on patient safety grounds.